No. of Recommendations: 0
I know someone who sees her a lot in Monte Carlo. No taxes there, I think.

She is on a fixed income now that she doesn't perform.

A hundred million dollar fixed income, but a fixed income none the less.
Print the post Back To Top
No. of Recommendations: 0
She won't let Uncle Sam and Liberal mooches take IKE's place.

JediG
Print the post Back To Top
No. of Recommendations: 0
A sign of things to come. People take their wealth/money overseas to avoid how they are treated here.

No mystery there.

99
Print the post Back To Top
No. of Recommendations: 0
She's lived there for more than two decades.

It's not about taxes. Swiss income tax rates are basically the same as the U.S., probably a little higher. And property taxes take into account total net worth, not just real estate.
Print the post Back To Top
No. of Recommendations: 19
A sign of things to come. People take their wealth/money overseas to avoid how they are treated here.

Turner moved to Switzerland in 1995.
Print the post Back To Top
No. of Recommendations: 0
She's lived there for more than two decades.

Then why the need to renounce her US citizenship? Why now?

The developing long arm of the IRS, or was it she was not invited to perform for Obama?

99
Print the post Back To Top
No. of Recommendations: 0
Good for the Swiss Treasury. They'll get some tax revenue.

Someone else will lose.

*giggle*

JediG
Print the post Back To Top
No. of Recommendations: 46
She's lived there for more than two decades.
---
Then why the need to renounce her US citizenship? Why now?


Because the Swiss just granted her citizenship and you can't have both.


The developing long arm of the IRS, or was it she was not invited to perform for Obama?

I realize you desperately want this to be about taxes and Obama, but it's not.
Print the post Back To Top
No. of Recommendations: 0
Because the Swiss just granted her citizenship and you can't have both.

Ok, but you may want to look at this. http://www.immihelp.com/citizenship/dual-citizenship-recogni...


Dual citizenship is allowed by the USA and the Swiss. So....


99
Print the post Back To Top
No. of Recommendations: 0
Good for the Swiss Treasury. They'll get some tax revenue.

Turner already pays Swiss taxes as a resident. Unlikely she'll pay much more as a citizen since she no longer performs.

Someone else will lose.

Not much. Turner's U.S. tax bill is probably small considering her Swiss tax is deductible. I paid very little U.S. income tax when I lived in Israel because Israeli taxes are so high. I expect it's about the same re Switzerland.

Sorry to disappoint you.
Print the post Back To Top
No. of Recommendations: 0
If your treasury drops $1.00 due to Tina moving, GOOD.

Consumption: If she's living there, odds are she'll stimulate their economy more than yours. Hopefully someone will lose out on sales tax, gas taxes, phone taxes, etc :) :) GOOD!

Good for you for paying little US income tax.

I pay none. I'm a maker. Not a taker.

JediG
Print the post Back To Top
No. of Recommendations: 0
Yet another What If It Were True story.

Quite a platform.
Print the post Back To Top
No. of Recommendations: 47
If your treasury drops $1.00 due to Tina moving, GOOD.

My treasury? What are you talking about?


I pay none. I'm a maker. Not a taker.

Sorry. If you pay no income tax, you're a "taker," not a "maker," a.k.a. " a moocher."
Print the post Back To Top
No. of Recommendations: 0
Sorry. If you pay no income tax, you're a "taker," not a "maker," a.k.a. " a moocher."

GOOD! Here's to taking and not making!
*****

"My treasury? What are you talking about?"

Try to relax.

Here's to Ms Turner. And here's to the taxes YOUR treasury and locales will lose out on.

Jedig
Print the post Back To Top
No. of Recommendations: 0
Dual citizenship is allowed by the USA and the Swiss. So....

You're right. Michelle Bachmann, for example, has been a dual citizen since 1978.

Must be taxes then.
Print the post Back To Top
No. of Recommendations: 1

"My treasury? What are you talking about?"

Try to relax.


Huh? I'm perfectly relaxed. Sitting in my easy chair with a cup of coffee and my dog curled up at my feet.

What do you mean you're happy "my treasury" will lose out? Do you mean our treasury or did you renounce your citizenship too?
Print the post Back To Top
No. of Recommendations: 0
What do you mean you're happy "my treasury" will lose out? Do you mean our treasury or did you renounce your citizenship too?
***

I mean your treasury. Figure it out. Many Liberals have told me I'm not America so I certainly have no claim to your treasury. LOL, now I don't contribute to it either.

Citizenship?

Stay tuned.

JediG
Print the post Back To Top
No. of Recommendations: 0
"I realize you desperately want this to be about taxes and Obama, but it's not."

Desperation is the new normal here, for some.
Print the post Back To Top
No. of Recommendations: 0
Huh? I'm perfectly relaxed. Sitting in my easy chair with a cup of coffee and my dog curled up at my feet.

Great visual. In a dream state, rather than a tax the rich state. Ok for that.

Good too that you kick JediGalt instead of your dog. Hey, that is why I post here too.

99
Print the post Back To Top
No. of Recommendations: 0
"I realize you desperately want this to be about taxes and Obama, but it's not."

Desperation is the new normal here, for some.


If you can have dual citizenship, what else are you thinking? If not taxes, then an act against the administration... or is it another self hating Black person.

99
Print the post Back To Top
No. of Recommendations: 0
Will any of her PA cheerleaders here be following her example?
Print the post Back To Top
No. of Recommendations: 1
Desperation is the new normal here, for some.
**

Under obama, record numbers looking for a job or just a meal.

Yes, desperation and lower standard of living in America is the norm for many.

Obama 2012

JediG
Print the post Back To Top
No. of Recommendations: 1
It's not about taxes. Swiss income tax rates are basically the same as the U.S., probably a little higher.

So it's only bad if your money is in Switzerland if your name is Romney?

It's okay if it's Turner... or Obama.
Print the post Back To Top
No. of Recommendations: 4
So it's only bad if your money is in Switzerland if your name is Romney?

It's okay if it's Turner...

-------------------------
Wow. I must have missed that. When did Tina Turner run for President of the US?
Print the post Back To Top
No. of Recommendations: 0
Wow. I must have missed that. When did Tina Turner run for President of the US?

So it only matters if you run for POTUS, who is making up that and why?

Maybe she is renouncing her citizenship because of who is POTUS.

99
Print the post Back To Top
No. of Recommendations: 24

So it's only bad if your money is in Switzerland if your name is Romney?

It's okay if it's Turner... or Obama.


What on Earth are you talking about?

Turner lives in Switzerland. Has for more than 25 years. And what does Obama have to do with it?
Print the post Back To Top
No. of Recommendations: 0
Turner lives in Switzerland. Has for more than 25 years. And what does Obama have to do with it?

Then why now and why if she can and has had dual citizenship? The only thing new is Obama II.

99
Print the post Back To Top
No. of Recommendations: 3
"I realize you desperately want this to be about taxes and Obama, but it's not."

How naive does a person have to be to fall for the idea that someone would move to Switzerland for lower taxes?
Print the post Back To Top
No. of Recommendations: 2
Then why now and why if she can and has had dual citizenship?

She hasn't had dual citizenship. And it's not clear to me that she can have dual citizenship.


The only thing new is Obama II.

Are you serious? I don't think you know what you're talking about. Why would that make any difference?
Print the post Back To Top
No. of Recommendations: 3
I mean your treasury. Figure it out. Many Liberals have told me I'm not America so I certainly have no claim to your treasury. LOL, now I don't contribute to it either.

Are you having an acid flashback or something?
Print the post Back To Top
No. of Recommendations: 1
Then why the need to renounce her US citizenship? Why now?


Because the Swiss just granted her citizenship and you can't have both.



According to the Federal Office for Migration,[3] there has been no restriction on multiple citizenship in Switzerland since 1 January 1992. Thus, foreigners who acquire Swiss citizenship and Swiss citizens who voluntarily acquire another citizenship keep their previous citizenship (subject to the laws of that country), as was the case before this date. An estimated 60% of Swiss nationals living abroad in 1998 were multiple citizens.
Print the post Back To Top
No. of Recommendations: 0
She just got her Swiss citizenship. It makes sense, and many have done the same thing. Since the Swiss have upcoming votes on taxes, and some areas, like Zurich, have already gotten rid of their tex breaks, I'm sure it comes down to where you want to live and save some paperwork.



http://rt.com/usa/news/turner-us-swiss-tax-764/



"Although Turner is estimated to be worth about $200 million and says she wasn’t motivated by taxes, keeping her US citizenship would have forced her to continue paying the IRS, even if she never returns to the US.
For 150 years, Switzerland has also offered tax breaks for foreign millionaires to boost tourism, making them exempt from an income tax and allowing them to pay a flat fee. More than 5,000 foreigners have been using the tax breaks, but opponents of the deal have been gathering signatures to scrap the breaks, putting it up for a popular vote to take place within the next two years.
Four of Switzerland’s 26 cantons – including Zurich – have already scrapped the tax breaks for wealthy foreigners.
During most of her 20 years in Switzerland, Turner benefited from the tax breaks. Although she will now be paying Swiss taxes as a citizen, which are high, she will no longer have to pay American taxes in addition.
“There’s little to suggest taxes motivate the decision, and Swiss rates are high. Yet filing tax returns in multiple nations and claiming foreign tax credits is an imperfect process that often results in tax mismatches,” writes Forbes contributor Robert W. Wood.
Even though the multimillionaire doesn’t have to worry about her finances, giving up her US citizenship will at least reduce the paperwork – and save her a million or two.
And Turner isn’t the first one to give up her citizenship. Scrapping US passports is becoming more common each year. At least 1,788 Americans gave up their US citizenship in 2011, which exceeded totals from 2007, 2008 and 2009 combined. A number of prominent and wealthy Americans have already done so, including Facebook co-founder and billionaire Eduardo Saverin.
The US requires Americans to pay taxes even while living abroad. Both US citizens and resident aliens are required to file income, estate and gift tax returns and file estimated taxes no matter where they are living. Their worldwide income is also subject to US income tax.
And a few lawmakers are trying to subject Americans to taxes even after giving up their citizenship. Sens. Charles Schumer and Bob Casey last year suggested that Congress vote for a law that would force former US citizens to pay taxes for years after renouncing their citizenship – as well as ban them from every returning to the US.
If millionaires and billionaires like Turner and Saverin kept their US citizenships even while living abroad, they would continue to pay large sums of money to the IRS for a passport that they aren’t even using.
In situation’s like Turner’s, it is easier to give up US citizenship than continue to pay the IRS for years, even though her intent is to keep living in Switzerland.
"
Print the post Back To Top
No. of Recommendations: 1
During the Bush years any time someone did this it was an immediate and damaging political statement against the "regime". So as the libs reap, so shall they sow.
Print the post Back To Top
No. of Recommendations: 1
She hasn't had dual citizenship. And it's not clear to me that she can have dual citizenship.

Ok,if that is your comfort zone.

I gave you a link, check with an immigration lawyer if you like. You would have a great come back or be pushed out of your comfort illusion.

99
Print the post Back To Top
No. of Recommendations: 0
During the Bush years any time someone did this it was an immediate and damaging political statement against the "regime". So as the libs reap, so shall they sow.

Whatever.

Turner moved to Switzerland in 1995. It had nothing to do with Bush or Obama or Clinton. Her boyfriend was German, she moved to Europe.

Switzerland is a pretty sweet place to live...
Print the post Back To Top
No. of Recommendations: 16
Maybe she likes the Swiss Health Care system?
Print the post Back To Top
No. of Recommendations: 0
She won't let Uncle Sam and Liberal mooches take IKE's place.

I'm pretty sure she moved to Switzerland when Reagan was president ;-)
Print the post Back To Top
No. of Recommendations: 2
Sorry, Tina moved to EUROPE during the Reagan presidency...UK, Germany, Switzerland. And somewhere in there she built a house in France, too. She must really hate that European safety-net sensibility, better food and better medical care!
Print the post Back To Top
No. of Recommendations: 4
And what does Obama have to do with it?

Obama is everything bad! He is hidden assets overseas. He is secretly in al Qaeda. He made Jimmy Swaggart "sin against you". He kidnapped the Lindburgh baby. Malmedy? Yep...that was him too.

If it's bad, somehow Obama is involved in it. Haven't you figured that out yet?
Print the post Back To Top
No. of Recommendations: 0
So it's only bad if your money is in Switzerland if your name is Romney?

It's okay if it's Turner... or Obama.


Looks like you are having an acid flashback as well.
Print the post Back To Top
No. of Recommendations: 46
How naive does a person have to be to fall for the idea that someone would move to Switzerland for lower taxes?

Well, there were a number of people screaming they'd move to Canada after Obama got elected to get away from High Taxes, Socialism and Obamacare.

In other news, my wife has a co-worker who is planning to move to Ecuador to avoid governmental instability and possible tyranny here in the US. You know, Ecuador. With a long history of uninterrupted democracy and political stability dating back all the way to...er, 1979. Well, that is, if you ignore the attempted coup in 2010, or the removal of 27 out of 31 supreme Court justices in 2004, followed shortly thereafter by the removal of the then-president by Ecuador's Congress in 2005 (said ex-President was allegedly behind the 2010 coup attempt), as well as the removal of a President in 2000, not to mention the brand new constitution created in 2008, or...

Well, you get the idea. Ecuador. To escape political instability in the US.

So in that context: "she's taking on Swiss Citizenship to avoid taxation in the US and because she Hates Obama", makes sense. Of course, as also noted, she's only lived there for since 1995, but hey, Obama's responsible for everything, right?

-synchronicity
Print the post Back To Top
No. of Recommendations: 0
The internal revenue code has for years imposed federal income at the regular rates on US citizens who divest themselves of US citizenship for tax avoidance purposes. Facts in fact do matter
Print the post Back To Top
No. of Recommendations: 0
So in that context: "she's taking on Swiss Citizenship to avoid taxation in the US and because she Hates Obama", makes sense. Of course, as also noted, she's only lived there for since 1995, but hey, Obama's responsible for everything, right?

-synchronicity


She waited until now (Obama's Time) to renounce.

Funny dat.

99
Print the post Back To Top
No. of Recommendations: 29
She waited until now (Obama's Time) to renounce.

Funny dat.


Why is it funny? It's quite simple.

Tina Turner moved to Europe a long time ago. She couldn't turn in her US passport until she was granted Swiss citizenship. It took 17 years for her to get it. Now that she has her Swiss passport, she doesn't need the US passport.

Rollin, Rollin, Rollin on the riverrrr.

http://www.swiss-immigration.ch/

http://switzerland.isyours.com/e/immigration/citizenship/ind...
Print the post Back To Top
No. of Recommendations: 0
She waited until now (Obama's Time) to renounce.

Funny dat.


Obama has been president for over four years.

Funny dat.
Print the post Back To Top
No. of Recommendations: 0
Obama has been president for over four years.

Funny dat.


Many waited for his first four to end. When he got re-elected, that was the last straw.

Still Dat!

99
Print the post Back To Top
No. of Recommendations: 0
If it's bad, somehow Obama is involved in it. Haven't you figured that out yet?

Sure, but why is Tina Turner becoming a Swiss citizen after having lived there with her Swiss partner since 1995 a bad thing?
Print the post Back To Top
No. of Recommendations: 0
I'd bet there is some estate planning angle to this too.....

Uncle Sam wants a chunk of your estate...no matter where you are at.


She was BORN in Switzerland.......right?


Been living there for decades.....

So what is the big deal?


you weren't collecting much in taxes anyway.



t.
Print the post Back To Top
No. of Recommendations: 1
The internal revenue code has for years imposed federal income at the regular rates on US citizens who divest themselves of US citizenship for tax avoidance purposes. Facts in fact do matter

Yup. In addition, Tina gets a Foreign Tax Credit for any Swiss income taxes she pays on "Foreign source" income. Also, many US citizens residing overseas (Tina is not one of them) won't have to pay any US income taxes thanks to IRC section 911, the Foreign Earned Income Exclusion (however, the limits on that are quite low relative to Tina's situation). It's entirely possible that Tina's US income tax liability all these years has been minimal, although it may have been a PITA for her accountants to file the necessary returns.

The simple answer is that Tina's been living in Europe since the late 80's/early 90's, and in Switzerland since 1995. For many reasons she prefers Europe to the US, but has been unable to change citizenship earlier. Now that she finally has received Swiss citizenship, she can take that up and drop her US citizenship.

Since she has been living outside the US for so long, the "exit toll" tax may not apply to her (although there's an assumption that any renouncing of US citizenship by individuals above certain income/net worth levels is at least partially for tax avoidance purposes, that assumption is rebuttable under the correct facts and circumstances. Given Tina's residence in Switzerland for so long and with her German partner, that may be enough. It's been awhile since I looked at the law in this area and IIRC it was modified somewhat recently).

But hey, it's all about the taxes and it's a blow against Obama. Really, it is. Just ask the Usual Suspects on this, they'll tell you.

-synchronicity, eyes rolling
Print the post Back To Top
No. of Recommendations: 0
She was BORN in Switzerland.......right?

Tina Turner? I don't think so. I think she was born in Memphis, but at some point she moved to St. Louis which is where she was discovered.
Print the post Back To Top
No. of Recommendations: 0
She was BORN in Switzerland.......right?

No! She was born in Nutbush, Tennessee, fer cryin' out loud.

Been living there for decades.....

This is correct! You got a fact right, tele! Congrats!

So what is the big deal?

you weren't collecting much in taxes anyway.


OMG, I AGREE with you here! Send Hell some icebreakers and snowplows!

-synchronicity
Print the post Back To Top
No. of Recommendations: 0
I looked it up. She was born in Nutbush, TN. That's about 60 miles NE of Memphis.
Print the post Back To Top
No. of Recommendations: 0
But hey, it's all about the taxes and it's a blow against Obama. Really, it is. Just ask the Usual Suspects on this, they'll tell you.

-synchronicity, eyes rolling


But maybe she is just trying to get away from Nat again, or at least his dead body.

99
Print the post Back To Top
No. of Recommendations: 0
But maybe she is just trying to get away from Nat again, or at least his dead body.

You might be on to something. Switzerland would be a good redoubt against the upcoming Zombie Apocalypse.

-synchronicity
Print the post Back To Top
No. of Recommendations: 0
But maybe she is just trying to get away from Nat again, or at least his dead body.

Y'all mean Ike?

Nathaniel "Nat" Turner (October 2, 1800 – November 11, 1831) was an American slave who led a slave rebellion in Virginia on August 21, 1831 that resulted in 60 white deaths and at least 100 black deaths.
Print the post Back To Top
No. of Recommendations: 0
For those interested in music, Ike Turner's song, Rocket 88, is considered to be THE first rock and roll song.

http://www.youtube.com/watch?v=WcFIj8OuIEI

His song, Box Top, is Tina's (Little Ann) first known recording....

http://www.youtube.com/watch?v=8YN1AB5snUQ
Print the post Back To Top
No. of Recommendations: 0
Sure, but why is Tina Turner becoming a Swiss citizen after having lived there with her Swiss partner since 1995 a bad thing?

Sorry. I can only channel neo-con so far before my head starts to hurt. I'm sure there's some convoluted reasoning behind it. Maybe it's that she knew Obama was coming and so fled before he could tax her money? After all, they've been saying for years that if we tax the rich they'll take all their monies and leave.

1poorguy (getting a headache already)
Print the post Back To Top
No. of Recommendations: 0
The lower standards of living have to do with the decreasing % of union households (admittedly in a more competitive world) and the increasing standards of living of the CEO class. That great divide.

http://www.marketwatch.com/story/america-hates-unions-more-t...

As this is corrected by sane Democrats who care about the country and realize supply side economics is a CEO class hoax, things will improve. The economy prospers when the middle class has jobs and enough $$ to spend. Balance needs to be restored and is being restored.

As far as makers and takers go 33 % of Americans are either under 14 or over 65. Do you want to put some of those 5 year-olds to work. Or all of them. Should we put grandma out on the street if she has a stroke? I got a feeling you are not going to win that kitchen table discussion.

I can see lots of reasons why living outside the country is attractive. Besides greed.
Print the post Back To Top
No. of Recommendations: 0
>>>>So in that context: "she's taking on Swiss Citizenship to avoid taxation in the US<<<<

I thought foreigners who earned income in the US were taxed here. If not, they should be.
Print the post Back To Top
No. of Recommendations: 0
I thought foreigners who earned income in the US were taxed here.

In general, yes, although there are tax treaties and all sorts of stuff. It can get complicated.

-synchronicity
Print the post Back To Top
No. of Recommendations: 0
Maybe she is renouncing her citizenship because of who is POTUS.

Maybe. Heh, "maybe". But here is a fact: people like to make connections based on what they know, or believe they know. And the less they actually know, but the more they believe they know, the more they're happy to make connections between random PsOS, like a 5 year old with an art project.

"Here daddy, do you like it?
"Uh...what is it?"
"<eye roll> It's Tina Turner giving up her US passport because of Obama and taxes, duh!"
"Oh, that's so cute. Can you draw me another fairy tale?"
"Sure! I can make any connections you want..."
Print the post Back To Top
No. of Recommendations: 0
xLife says

"If it's bad, somehow Obama is involved in it. Haven't you figured that out yet?"

Sure, but why is Tina Turner becoming a Swiss citizen after having lived there with her Swiss partner since 1995 a bad thing?


<teabag>
Well, see, it would be a bad thing if Obama had anything to do with it, right? And so, since it is a bad thing, that means Obama had something to do with it, right? So since Obama had something to do with it, it's a bad thing. Simple.
</teabag>
Print the post Back To Top
No. of Recommendations: 0
After reading the entire thread I ask, "Why does it matter if she decides to be a Swiss citizen?" Has no bearing on my life, and I will continue to enjoy her music.

Charlie
...amused that anyone really cares where celebrities live...
Print the post Back To Top
No. of Recommendations: 0
"but hey, Obama's responsible for everything, right?"

But the buck does stop on his desk though.
Print the post Back To Top
No. of Recommendations: 0
In other news, my wife has a co-worker who is planning to move to Ecuador to avoid governmental instability and possible tyranny here in the US.

I love this story. It perfectly captures the lunacy of wingnuttery.

It's even better than the law-and-order gun nuts who need AR-15s to shoot cops... I mean, agents of government tyranny.
Print the post Back To Top
No. of Recommendations: 0
She waited until now (Obama's Time) to renounce.

Funny dat.


Even funnier that it takes more than 65 posts to disabuse rightwinguts of the the idea that Tina Turner is becoming a Swiss citizen to avoid U.S. taxes. Foxified memes die hard.
Print the post Back To Top
No. of Recommendations: 0
Even funnier that it takes more than 65 posts to disabuse rightwinguts of the the idea that Tina Turner is becoming a Swiss citizen to avoid U.S. taxes. Foxified memes die hard. /b>

My guess is the OP is busy Laughing his arse off!

99
Print the post Back To Top
No. of Recommendations: 1
It's even better than the law-and-order gun nuts who need AR-15s to shoot cops.

There are sctually libtards who think that if the government takes away all the guns, criminals won't have anything with which to shoot. HAHAHAHAHAHA
Print the post Back To Top
No. of Recommendations: 0
Non-working foreigners resident in Switzerland may choose to pay a "lump-sum tax" instead of the normal income tax. The tax, which is generally much lower than the normal income tax, is nominally levied on the taxpayer's living expenses, but in practice (which varies from canton to canton), it is common to use the quintuple of the rent paid by the taxpayer as a basis for the lump-sum taxation.[18] This option contributes to Switzerland's status as a tax haven, and has induced many wealthy foreigners to live in Switzerland.


In 2011, the federal income tax varied from a bracket of 1% (for single tax payers) and 0.77% (for married taxpayers) to the maximum rate of 11.5%. Individuals earning below 13,600 and couples earning below 27,000 Swiss francs were exempt. On cantonal level, tax rates varies heavily, Obwalden adapted a 1.8% flat tax on all personal income following a cantonal referendum in 2007. In most cantons, the rate is proportional with a maximum rate of 6.5% in Bern, whereas in Zurich it was 13% and in Geneva 17.58-.76 % (depending upon taxes as single or jointly).[19][20]
Print the post Back To Top
Advertisement